Invesco Real Estate, the global real estate investment business of Invesco, has sold a 73,500 square metres Hainichen logistics asset, which it completed in December 2022 and is fully let to a major German retailer, to a fund managed by Hines. Financial details were not disclosed.
The sale was transacted on behalf of Invesco’s European Value Add Fund II (EVAF II).
The disposal is EVAF II’s first exit in Germany and second overall. EVAF II is the second fund in a series by Invesco Real Estate dedicated to panEuropean value-add investment. It aims to deliver superior risk-adjusted returns through intensive asset management, creating stabilised assets for sale into core markets. With flexibility to invest across all sectors, the underlying strategy focuses on micro-locations with the greatest demand from tenants.
Source: property.info on the 14th of December, 2023
https://propertyeu.info/Nieuws/Invesco-sells-asset-to-Hines-in-1st-German-exit-for-European-value-add-strategy/0585f6ec-8c82-45a9-b933-9ac2005baec0